Canmore housing market update - Low inventory continues 🏡
Updated: Jun 8, 2023
Canmore real estate inventory is currently at an all-time low of just 85 active listings for June 2023, which is a stark contrast compared to June in previous years, (153 - 2022) (132 - 2021) (263 - 2020) active listings. Despite this, the demand from buyers remains strong, showing no signs of abating. It's a tight market, to be sure, but it's also a market that presents unique opportunities for those who are ready to pounce. With the current state of the market, it's anyone's guess what the future holds, but one thing is for sure: the Canmore market is one that is in high demand and continues to be a desirable destination for those who want to experience the beauty and tranquility of the Canadian Rockies.
MARKET UPDATE VIDEO
MAY 2023 VS MAY 2022
Canmore housing market - Comparing May 2023 to May 2022, sales are down by 35%, but the average home price is up by 17% and the average square ft price is up by 4%. Properties are sitting on the market for 7% longer compared to last year.
Looking back at the active listings in June from 2023 - 2019 (pre-pandemic), June 2023 is at a record low for active listings, with 85 on the market in Canmore.
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Questions about Canmore Real Estate?
Please reach out to me at 403-688-7629, or at richard@alpinerealty.ca
RE/MAX ALPINE REALTY
www.canmorehomesforsale.com
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